Coursera (NYSE:COUR) Given Outperform Rating at Telsey Advisory Group

Telsey Advisory Group restated their outperform rating on shares of Coursera (NYSE:COUR) in a research report report published on Tuesday morning,Benzinga reports. They currently have a $15.00 target price on the stock.

COUR has been the subject of a number of other research reports. Morgan Stanley decreased their target price on Coursera from $15.00 to $10.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Royal Bank of Canada decreased their price target on Coursera from $18.00 to $10.00 and set an “outperform” rating for the company in a report on Friday, October 25th. The Goldman Sachs Group decreased their price target on Coursera from $9.00 to $7.25 and set a “sell” rating for the company in a report on Friday, October 25th. BMO Capital Markets decreased their price target on Coursera from $10.00 to $9.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $10.00 price target on shares of Coursera in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $10.27.

Coursera Stock Down 1.4 %

Coursera stock opened at $9.56 on Tuesday. Coursera has a 52 week low of $6.29 and a 52 week high of $20.73. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of -18.74 and a beta of 1.44. The stock has a 50-day moving average price of $8.37 and a 200 day moving average price of $7.98.

Insider Transactions at Coursera

In related news, SVP Alan B. Cardenas sold 6,102 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $6.83, for a total transaction of $41,676.66. Following the completion of the sale, the senior vice president now directly owns 194,082 shares in the company, valued at approximately $1,325,580.06. The trade was a 3.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 16.30% of the company’s stock.

Institutional Trading of Coursera

Large investors have recently made changes to their positions in the company. FMR LLC increased its position in shares of Coursera by 67.6% during the third quarter. FMR LLC now owns 6,574 shares of the company’s stock worth $52,000 after purchasing an additional 2,651 shares in the last quarter. CWM LLC grew its holdings in Coursera by 82.3% in the 3rd quarter. CWM LLC now owns 7,128 shares of the company’s stock valued at $57,000 after buying an additional 3,217 shares in the last quarter. KBC Group NV grew its holdings in Coursera by 90.7% in the 4th quarter. KBC Group NV now owns 9,203 shares of the company’s stock valued at $78,000 after buying an additional 4,376 shares in the last quarter. Quarry LP grew its holdings in Coursera by 936.6% in the 2nd quarter. Quarry LP now owns 10,356 shares of the company’s stock valued at $74,000 after buying an additional 9,357 shares in the last quarter. Finally, Versor Investments LP purchased a new stake in Coursera in the 3rd quarter valued at $106,000. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

Coursera Company Profile

Coursera, Inc operates an online educational content platform in the United States, Europe, Africa, the Asia Pacific, the Middle East, and internationally. It operates in three segments: Consumer, Enterprise, and Degrees. The company offers guided projects, courses, and specializations, as well as online degrees; and certificates for entry-level professional, non-entry level professional, university, and MasterTrack.